Address
1450 Government St, Victoria, BC
Price
$ 10,900,000
Property Attributes
  • ID#902646
  • TypeCommercial
  • CityVictoria
  • AreaVictoria
  • NeighbourhoodVi Downtown
  • Postal CodeV8W 1Z2
  • StyleRetail
  • Taxes$ 120696
  • Price$ 10,900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage21538
Data Source:
Victoria Real Estate Board (VREB)
Property Description

An exciting 21,538 sf retail strata investment opportunity in the heart of Victoria’s downtown core. The opportunity is comprised of one commercial strata unit fully leased long term providing an investment return of 5.74% with existing financing in place for an easy acquisition. Tenanted by MEC, a Vancouver born outdoor gear and retail brand founded in 1971 with 22 stores across Canada is known as the largest supplier of outdoor clothing and recreational gear in the Country. The Property offers exceptional frontage spanning the width of an entire city block, bound by Johnson Street, Government Street and Pandora Avenue.

General Features

Commercial Area Downtown
Commercial Listing Type Building
Property SubType Retail
Property Type Commercial Sale

Interior Features

Number Of Units In Building 1
Number Of Units In Community 1
Total Units 1

Exterior Features

Building Area Total 21538.00
Parking Onsite Yn Yes

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in V8W 1Z2

Price
AVG $10.9M
$10.9M
Taxes
AVG $120,696
$120,696
Visits
AVG 88
172
Walkscore
AVG 95
95
Data Provided by Walkscore ® not using MLS data